only big worry is the price.
Ideally, this will retail for 399-449 and have a subscription option to bring it down to 250-300

I think you are simply creating a ratiocination as to bend and look at things in a way to make your own choices and opinions look better in comparison. You posted it not to discuss it as it should be expected, but to have us to agree with your subconscious lines of thinking and reaffirm your logical bias.

Sorry man, but perhaps the best thing for you right now is to move away from VGC and the Sony meeting for a while. It does you no good to torture yourself every day looking at the sales page or the recent influx of news and there's a whole life to be lived out there

Sony has got this,

If the event is for investors, why is it a streamed one? The event is clearly for gamers and the media.

Those are good points!

Would the whole PS Vita debacle hurt them if they happen to mention "expand mobile"? 

Cloud gaming will be interesting to see how it's perceived, considering a lot of factors are still being ironed out, such as latency. Nevertheless, I still see it as a future movement...

You should...

Investor confidence will determine if the PS4 will retail at, for example, $399 or $599. Little investor confidence before release = Sony forced to sell console closer to parity. Investments AFTER Sony announces the price make little difference and are generally considered LOW ROI due to the fact that it's no longer high risk.

Do you want to contribute constructively to this thread, or do you wish to keep assuming?

What do you think the majority of "unknown" investors use? the media? Nooo, say it aint so!

I can bet you anything you like that Sony has invited a HORDE of "trusted" investors to this conference. Care to disagree with this?

I'm sure they have. But I'm also sure they've invited many more developers and members of the press.

Unless Sony announces an absurd price (most likely won't get price anyways) or reveals some major downside (no used games, must always be online etc.) then it should generally be positive.  Heck they might not show any games at all,  though I think at the very least we will get reveal trailers/screen shots, and it should be fine.